Homeless Youth Connection (HYC) has received a $600,000 multi-year grant from The Bob & Renee Parsons Foundation to support the agency’s Empowering Youth for the Future program, with $100,000 of the grant being allocated to enhance and expand a multi-purpose space for in-kind donations, volunteer work and staff functions. Construction will begin later this year on their … [More]
Foundation Gives $600K to Help Keep Youth Off the Streets
Funds To Support the Empowering Youth for the Future Program and
Data Management Co. Appoints New Chief Executive Officer
Semarchy, a master data management (MDM) and data integration leader, announced the appointment of Ben Werth as Chief Executive Officer. Werth brings over a decade of software industry and private equity leadership experience to Semarchy. "I'm honored and excited to join Semarchy at this pivotal time," said Ben Werth, CEO of Semarchy. "With an industry-leading platform, a … [More]
Houston-Based French Café Concept to Open First of Three New Locations in Metro Phoenix
Sweet Paris Crêperie & Café, the ultra-popular restaurant brand specializing in sweet and savory crêpes, hot drinks and more, announced its first Arizona location will open in Scottsdale Quarter in the Fall of 2024. With construction beginning in the coming weeks, the new location at 15147 N Scottsdale Rd, Suite 133, spearheaded by strategic partners John and Sue Gilbert, … [More]
Small Business Uncertainty Index Reaches Highest Level since 2020
Inflation remains the top small business problem
The NFIB Small Business Optimism Index reached the highest reading of the year in May at 90.5, a 0.8-point increase but still the 29th month below the historical average of 98. The Uncertainty Index rose nine points to 85, the highest reading since November 2020. Twenty-two percent of owners reported that inflation was their single most … [More]
Mesa Adventure Van Accessory Manufacturer Joins Forces with Mercedes-Benz
Owl Vans, the leading adventure van accessory company, announces its official partnership with Mercedes-Benz, marking a significant milestone in the evolution of the Adventure Van market. This exclusive collaboration highlights Owl Vans’ commitment to excellence in manufacturing and innovation, positioning the company as a frontrunner in the rapidly growing … [More]
80 Acres in Casa Grande Purchased for New Power Switching Yard and Substation
new power switching yard and substation to address growing power needs in Casa Grande’s West Industrial area
A recently purchased 80-acre parcel in Casa Grande will become a new power switching yard and substation, which will extend capacity and services to the Casa Grande West Industrial area. Casa Grande’s industrial sector has seen a significant increase in industrial users and developers in recent years as the manufacturing industry and related suppliers relocate or expand to … [More]
Inaugural 602 Day Celebration Dubbed a Success by Phoenix Leadership, Business Community
On June 2, 2024, the City of Phoenix officially celebrated 602 Day for the first time. The City partnered with more than 100 local businesses and organizations to offer $6.02 deals and host events to celebrate the Phoenix community and honor 602 as the city’s most historically … [More]
Bank & Financial Services Co. Adds Equipment Finance Team in Phoenix
Alerus Financial Corporation announced it is expanding its specialty lending capabilities with the addition of an experienced team focused on providing equipment financing to commercial banking clients throughout the company’s geographic footprint. Brian Scott joins Alerus as managing director of the equipment finance team. In this role, he oversees the team’s activities … [More]
New Listings Up. Homes Selling Faster. Prices Continue to Rise.
Residential real estate inventory improved in May, according to data from Phoenix REALTORS
The number of new listings continued to climb in May in year-to-date comparisons, according to the latest data from Phoenix REALTORS. The first five months in 2024 were up more than 17% compared to the same period of 2023. Homes have also sold faster so far this year when compared to 2023, and the average days on the market dropped from 74 to 64. The year-to-date median sale … [More]
Understanding the Three V’s of Business Leadership: Vision, Variety and Vitality
As a leader, understanding your own leadership style is essential for success in your business. To stay relevant, innovate and grow your business, as a leader, it takes dedication to self-reflection, analyzing your Whys, looking at your own competencies and all the ways you are adaptable for sustaining your particular type of work. A powerful way to self-reflect is through the … [More]
Two Affordable Housing Multifamily Communities Coming Soon to Metro Phoenix
Greenlight Communities, along with Bryten Real Estate Partners, its selected property management company, announced leasing is now underway at their two newest apartment communities. Both communities are located in Metro Phoenix with move-ins set to begin in July and August. Greenlight’s Streamliner communities are focused on providing residents with brand new rental homes … [More]
Foundation Awards $1M to Organizations Addressing Arizona’s Most Critical Health Challenges
The Blue Cross Blue Shield of Arizona Foundation for Community & Health Advancement has awarded more than $1 million to 28 organizations addressing Arizona’s most pressing health challenges. Funding will help organizations focus on four key areas: mental health, substance use disorder, chronic health conditions, and health equity. Make-A-Wish Foundation of Arizona is … [More]
Small Business Compensation Plans Fall to Lowest Level Since 2021
Fewer owners are planning to raise compensation in the coming months
According to NFIB’s monthly jobs report, a net 18% (seasonally adjusted) of small business owners plan to raise compensation in the next three months in May, down three points from last month and the lowest reading since March 2021. Seasonally adjusted, a net 37% of owners reported raising compensation, down one point from April but historically very high. “An exceptionally … [More]
Japanese Retail Store Opens in Phoenix
Daiso, the renowned global retail chain offering a wide range of affordable and unique products, announced the grand opening at Mountain Park Plaza in Phoenix, Arizona on June 22nd. "We are thrilled to open our store at Mountain Park Plaza," said Jack Williams, Chief Retail Operations Officer for Daiso USA. "This achievement reflects the dedication and support of our … [More]
Real Estate Developer Sells Goodyear Airport Portfolio, Two Fully Leased Industrial Buildings
CIM Group announced the sale of the Goodyear Airport portfolio which is comprised of two, fully leased industrial buildings totaling 726,802 square feet located at 2250 S. Litchfield Road and 1685 S. Litchfield Road, adjacent to the Phoenix Goodyear Airport in Arizona. CIM Group acquired the 450,619-square-foot building at 2250 S. Litchfield Road in August 2021. The building … [More]
SBA Launches Working Capital ‘Line of Credit’ Pilot Program
Pilot Program Expands Small Businesses’ Access to Credit Lines That Create Jobs, Spur Sales and Growth Published on June 6, 2024
The U.S. Small Business Administration (SBA) announced the 7(a) Working Capital Pilot (WCP) Program. The WCP offers a newly structured line of credit, made by 7(a) lenders and backed by the SBA, designed to give greater flexibility than a traditional term loan. “Small businesses require working capital through competitively-priced lines of credit to operate efficiently and … [More]
Phoenix Chamber Announces 2024 Impact Award Recipients
The Greater Phoenix Chamber has selected ten local companies as recipients of its 37th Annual IMPACT Awards. The IMPACT Awards honor the accomplishments of small and mid-to-large Valley businesses and their positive influence on the community and economy. These recipients were selected following a community vote among 30 finalists of the more than 100 businesses nominated for … [More]
ASU Named among the Top Marketing Universities in the U.S.
According to a new study, Arizona State University has been named the fourth-best school in the US for a career in marketing. Digital marketing agency Hennessey Digital analyzed more than 1,300 US universities to find which are the best for a future career in marketing. They looked at 11 factors, including the percentage of business and marketing degrees … [More]
